Puma Exploration Inc.

Puma Exploration Inc.

July 27, 2009 10:45 ET

Puma Exploration Inc.: 2.4% Copper Over a 31-Metre Thickness at Turgeon, New Brunswick

RIMOUSKI, QUEBEC--(Marketwire - July 27, 2009) - Two holes drilled by Puma Exploration (TSX VENTURE:PUM) have intersected persistent copper-zinc mineralization over a thickness of more than 30 metres on the Turgeon deposit in New Brunswick. The first drillhole intersected 2.4% Cu over an apparent thickness of 31 metres, starting at a depth of about 30 metres. The second hole in the mineralization intersected a zone of massive sulphides 40 metres thick, grading 1.0% Cu and 2.9% Zn.

Mineralized intersections in drillholes on the Turgeon deposit

Drillhole Azimuth Angle From To Length Cu Zn
m % %
F08-01 N 255 55 31 62 31.0 2.4 0.1
degrees degrees
incl. 47 54 7.0 4.3 0.1
F08-03 N 255 60 50 90 40.0 1.0 2.9
degrees degrees
incl. 69 79 10.0 1.1 5.7

The four drillholes were located on the main lens, with the aim of characterizing the mineralization present as well as the host rocks, in order to define a metallogenic model for further exploration. The mineralization intersected in drillhole F08-01 consists primarily of veins and veinlets (stockwork) of massive chalcopyrite located in a chloritized basalt, while drillhole F08-03 intersected 40 metres of massive sulphide, mainly composed of pyrite, sphalerite, chalcopyrite, and magnetite. Moreover, the host rocks observed in drillholes F08-02 and F08-04 consist mainly of basalt and andesite, confirming that this is indeed a volcanogenic massive sulphide (VMS) deposit.

Following a compilation and interpretation of previous work, and in light of the new drilling results, Puma has staked 30 new claims covering an additional area of 650 ha (6.5 km2) in the southern extension of the property. These new claims were positioned to cover several untested geophysical anomalies located in the same geologic unit, and having the same geophysical signature as the known deposits.

The samples were analyzed at the ALS Chemex laboratory in Val d'Or using the atomic absorption and ICP methods. The contents of this press release were prepared by Geologist Marcel Robillard, a Qualified Person as defined in NI 43-101. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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